XML 62 R46.htm IDEA: XBRL DOCUMENT v3.26.1
Co-investments - Schedule of Financial Information for Co-Investments Accounted For Under the Equity Method (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Dec. 31, 2024
Combined balance sheets:        
Total assets $ 13,095,487   $ 13,159,009  
Debt 7,468,343   7,422,114  
Other liabilities 51,351   51,729  
Equity 5,601,356 $ 5,745,575 5,708,632 $ 5,720,390
Total liabilities and equity 13,095,487   13,159,009  
Combined statements of income:        
Property revenues 484,756 464,583    
Net operating income 341,187 323,468    
Interest expense (65,564) (62,732)    
General and administrative (20,014) (16,292)    
Net income 112,208 212,778    
Related Party | Total co-investment        
Combined statements of income:        
Company’s share of net income 1,300 1,200    
Equity Method Investment, Nonconsolidated Investee or Group of Investees        
Combined balance sheets:        
Rental properties and real estate under development 3,223,302   3,220,390  
Other assets 229,504   194,413  
Total assets 3,452,806   3,414,803  
Debt 2,413,491   2,412,106  
Other liabilities 181,018   163,358  
Equity 858,297   839,339  
Total liabilities and equity 3,452,806   $ 3,414,803  
Combined statements of income:        
Property revenues 75,055 86,306    
Property operating expenses (28,884) (32,702)    
Net operating income 46,171 53,604    
Interest expense (19,960) (27,301)    
General and administrative (3,920) (4,206)    
Depreciation and amortization (28,028) (36,587)    
Net income (5,737) (14,490)    
Company’s share of net income $ 23,615 $ 13,209